News & Publications
Potential Capital Gains Taxes are Significantly Larger than Cash Rental Rates
Capital gains taxes are based on the change in the value of an asset, such as farmland, livestock or timber, when that asset is sold. Currently, the top capital gains tax rate is 20%. To reduce the capital gains tax, farmers and ranchers use stepped-up basis, which provides a reset for the basis during intergenerational transfers.
Cook County’s Legislation and Intergovernmental Relations Committee remains committed to revising the county’s ethics ordinance, specifically, sections related to fiduciary duty. The changes provide that officials, Board or commission appointees, and employees shall disclose any conflicts of interests to the appropriate party and recuse oneself from voting or participating in a decision involving the conflict of interest.
Join us as we kick off the Cook County Farm Bureau Summer Selfie Contest! We are holding this contest to obtain usable and appropriate photos that accurately portray today’s agriculture in Cook County. Win one of three cash prizes in three different categories in June, July, and August.
The Cook County Farm Bureau® and the University of Illinois Extension continue to partner on a project that benefits local Farm Bureau members and the general public. Since Monday, April 12th, the Master Gardeners have been available to answer questions from members and the general public related to gardening and horticulture. This program will run through mid-November of 2021.
A third of the food and drink individuals consume depends on pollination. As a keystone group, the survival of many other plant and animal species depend on pollinators for their survival. Pollinators include bees, butterflies, moths, beetles, flies, birds, and bats.
Consider a member business for all your planting and landscaping needs this spring!
The Cook County Farm Bureau Board of Directors, in celebration and recognition of the outstanding volunteers and supporting members, approved a donation of $800 to the Greater Chicago Food Depository. The board contributed $10 per volunteer for the 80 active members that served the organization during the past year.
Great excitement and suspense surrounded the Cook County Farm Bureau Foundation Drawdown for Ag Education that was held the evening of March 23, 2021. The event was shown live using Zoom video conference technology. A drawdown is a reverse raffle in which the last ball remaining is the grand prize winner.
Bring on the Beef
May is National Beef Month. The occasion marked the first time my husband’s family had dined out together in at least 16 months, and we celebrated the moment of normalcy with beef. The ten of us sat in a semi-private space at a favorite steakhouse, more than six feet from anyone but our waiter. My filet was fantastic, cuttable by butter knife and made even better surrounded by family.